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  Important Updates
We are here for you. Important Updates Regarding Coronavirus. Read More

Learn about all the ways Spencer is creating a safe and secure environment. Read More

We continue to stay committed to you during this difficult period. View an updated message from our Chairman, President and CEO. Read More

The Passaic Street (Garfield) location is currently closed. During this time, please visit one of our alternate financial centers if needed. Bank Locations

Savings

ebrochure checkingAt Spencer Savings Bank, we believe in providing you the tools to save and plan for your future in any stage of your life. Whether you want to save for college, retirement, a new car or that vacation you’ve always wanted, Spencer can help you meet your goals with a variety of savings account options. We take pride in being able to offer you the right account to meet your personal goal.

Savings Accounts

Savings Accounts Interest Opening Deposit Monthly Service Charge Account Features

SpencerKids Savings*

Today’s Rates $1 None
  • Free Online Banking
  • Convenient Passbook

StudentEdge Savings*

Apply Now

Today’s Rates $100 $1
How to Waive
  • Automatic Transfers
  • Free Mobile Banking

SmartSaver Savings

Today’s Rates $100 $3
How to Waive
  • Free Online Banking
  • Free ATM Card
  • Monthly eStatements

Passbook Savings

Today’s Rates $100 None
  • Free Online Banking
  • Convenient Passbook

Statement Savings

Today’s Rates $100 $3
How to Waive
  • Free Online Banking
  • Free ATM Card
  • Monthly eStatements

Platinum Savings

Apply Now

Today’s Rates $100 $3
How to Waive
  • Free Online Banking
  • Free ATM Card
  • Monthly eStatements

Premium Money Market

Apply Now

Today’s Rates $100 $15
How to Waive
  • Convenient Check Access
  • Tiered Interest Rates

E-Money Market

Today’s Rates $500 $5
How to Waive
  • Convenient Check Access
  • High Yield Tiered Interest Rates

Holiday Club Account

Today’s Rates $5 None
  • Free Online Banking
  • Convenient Passbook
  • Direct Deposit Option

Vacation Club Account

Today’s Rates $5 None
  • Free Online Banking
  • Convenient Passbook
  • Direct Deposit Option

*Customer must be under 18 years of age to qualify for a SpencerKids Savings Account. Customer must be 17-23 years of age to qualify for a StudentEdge Savings account.